The upcoming Utah Trade Mission to Indonesia (September 24-28) offers business owners an excellent opportunity to explore this unique country, with the world’s fourth largest population of 240 million and an economy anticipated to grow at an average rate of 8 percent over the next several years.
What specific opportunities does that create for the companies in Utah?
Currently, there are 19 scheduled and 41 chartered airline companies operating in Indonesia. Utah aviation industry has significant opportunities along all aerospace subsectors. Specifically, there is a pressing need for air traffic control systems, airport ground support equipment, safety and security equipment, IT infrastructure and services, and engineering and logistics surrounding the airport supply chain.
As the fourth most populous country in the world, Indonesia relies heavily on imported medical equipment and supplies. Total imports of medical equipment grew from $508 million in 2009 to $543 million in 2010, with U.S. imports accounting for 20 percent of this market. This sector continues to present excellent opportunities for Utah companies with predicted strong growth over the next two years. According to the market research done by the U.S. Commercial Service, life support equipment such as ventilators, anesthesia equipment, patient monitoring equipment, electro-medical equipment, ultrasonic scanning machines, diagnostic equipment, and disposable products render the best prospects. UtahPolicy
